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Image header Agence Europe
Europe Daily Bulletin No. 10603
Contents Publication in full By article 25 / 43
ECONOMY - FINANCE - BUSINESS / (ae) lithuania

Deficit expected to fall below 3% of GDP in 2012

Brussels, 26/04/2012 (Agence Europe) - On Wednesday 25 April, the Lithuanian government approved the country's convergence programme for 2012, which it will now be submitting to the European Commission. It explains in a press release that it aims to cut the public deficit to below 3% of GDP this year, 2% of GDP next year and then it should continue to decline to 1% of GDP in 2014. The debt should decrease from 40.2% of GDP in 2012 to 34.9% of GDP in 2015. The government aims to reduce the...

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